What’s Propelling Dollar Tree, Inc. (DLTR) to Decrease? The Stock Formed a Double Bottom Chart Pattern

September 16, 2018 - By Jenna Rose

Dollar Tree, Inc. (NASDAQ:DLTR) Logo

Investors sentiment increased to 1.04 in Q2 2018. Its up 0.23, from 0.81 in 2018Q1. It improved, as 65 investors sold Dollar Tree, Inc. shares while 183 reduced holdings. 74 funds opened positions while 183 raised stakes. 208.99 million shares or 0.02% less from 209.04 million shares in 2018Q1 were reported.
King Luther Capital reported 0.19% of its portfolio in Dollar Tree, Inc. (NASDAQ:DLTR). Meiji Yasuda Life Insurance holds 12,953 shares or 0.15% of its portfolio. Whittier Co has 232 shares. Cambridge Research Advisors holds 14,996 shares. Arrow Fincl holds 0.15% in Dollar Tree, Inc. (NASDAQ:DLTR) or 8,075 shares. Hightower Advisors Ltd Liability Company owns 0.01% invested in Dollar Tree, Inc. (NASDAQ:DLTR) for 22,494 shares. North Star Inv Mgmt Corp holds 0% or 175 shares. Pnc Financial Svcs Grp reported 429,256 shares. Smith Salley & Associate accumulated 4,355 shares. Stock Yards Commercial Bank accumulated 20,098 shares or 0.19% of the stock. Decatur Mngmt Inc invested in 50,007 shares. Credit Suisse Ag invested 0.02% in Dollar Tree, Inc. (NASDAQ:DLTR). Odey Asset Mngmt Gp Ltd owns 19,650 shares for 0.28% of their portfolio. Teachers Retirement Systems Of The State Of Kentucky stated it has 0.13% in Dollar Tree, Inc. (NASDAQ:DLTR). Korea Invest invested in 0.02% or 53,744 shares.

Since March 20, 2018, it had 3 buys, and 3 selling transactions for $448,371 activity. $199,755 worth of Dollar Tree, Inc. (NASDAQ:DLTR) was bought by WHIDDON THOMAS E on Monday, June 18. The insider BARRON ARNOLD S sold $569,084. The insider RUDMAN ROBERT H sold 2,797 shares worth $265,800. The insider Lewis Lemuel E bought $201,088.

The chart of Dollar Tree, Inc. (DLTR) shows a double bottom with $81.19 target or 4.00 % below today’s $84.57 share price. The 7 months chart pattern indicates high risk for the $20.12B company. It was reported on Sep, 16 by Finviz.com. If the $81.19 price target is reached, the company will be worth $804.72M less. Double bottoms are rare but powerful chart patterns.

The stock increased 0.19% or $0.16 during the last trading session, reaching $84.57. About 3.07 million shares traded. Dollar Tree, Inc. (NASDAQ:DLTR) has risen 1.18% since September 16, 2017 and is uptrending. It has underperformed by 14.44% the S&P500.

Dollar Tree, Inc. (NASDAQ:DLTR) Ratings Coverage

Among 15 analysts covering Dollar Tree (NASDAQ:DLTR), 12 have Buy rating, 0 Sell and 3 Hold. Therefore 80% are positive. Dollar Tree had 21 analyst reports since March 26, 2018 according to SRatingsIntel. On Wednesday, April 25 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. The firm has “Market Perform” rating given on Friday, August 31 by Telsey Advisory Group. The company was upgraded on Monday, August 13 by Atlantic Securities. Credit Suisse maintained the stock with “Outperform” rating in Friday, June 1 report. The stock of Dollar Tree, Inc. (NASDAQ:DLTR) earned “Buy” rating by UBS on Friday, August 31. As per Monday, June 4, the company rating was downgraded by Gordon Haskett. The rating was maintained by Deutsche Bank with “Buy” on Friday, August 31. As per Friday, June 1, the company rating was maintained by Buckingham Research. Raymond James downgraded the stock to “Outperform” rating in Monday, April 16 report. The stock has “Equal-Weight” rating by Morgan Stanley on Friday, June 1.

More notable recent Dollar Tree, Inc. (NASDAQ:DLTR) news were published by: 247Wallst.com which released: “Why Wall Street Now Favors Dollar General Over Dollar Tree” on September 02, 2018, also Seekingalpha.com with their article: “Dollar Tree Is No Dollar General” published on August 30, 2018, 247Wallst.com published: “Is the Good Economy Pulling People Out of Dollar Stores?” on August 30, 2018. More interesting news about Dollar Tree, Inc. (NASDAQ:DLTR) were released by: Seekingalpha.com and their article: “Dollar Tree: Another Selloff, Another Buying Opportunity” published on September 10, 2018 as well as Seekingalpha.com‘s news article titled: “Climbing The Dollar Tree” with publication date: September 06, 2018.

Dollar Tree, Inc. operates variety retail stores in the United States and Canada. The company has market cap of $20.12 billion. It operates in two divisions, Dollar Tree and Family Dollar. It has a 11.76 P/E ratio. The Dollar Tree segment offers merchandise at the fixed price of $1.00.

Dollar Tree, Inc. (NASDAQ:DLTR) Institutional Positions Chart

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